Why is everyone selling? This coin is the first of it's kind. guess no one values its functions, yet?
Most of those "everyone" are multipools who automatically convert the mined coins of their users into btc. And as long as the price and hashrate are so low and the mining keeps being so profitable they will keep mining and selling fluttercoins. But I don't really see this as a problem. At least not a problem we can easily fix without other big miners mining fluttercoin permanently and making it unprofitable to mine fluttercoin for the multipools. Anyway it's not that much coins, you can see the price is rising. And every day Fluttercoin gets new people interested who are willing to invest in it, so the more time goes by, the smaller the "problem" becomes. Actually I think it's a good thing. The multipools push the trade volume.
Cheers
Yup and now there's also the BC multipool which will dump FLT if it is most profitable... FLT might want to make a similar multipool at some point. eat or be eaten
